Portfolio Update

Merrill Lynch Commodities Income IT
02 June 2006

Merrill Lynch Commodities Income Investment Trust plc
As at 31 May 2006

Top 10 holdings:

BHP BILLITON
CANADIAN OIL SANDS TRUST
CIA VALE RIO DOCE
CHINA SHENHUA ENERGY
FORDING CANADIAN COAL TRUST
NORSK HYDRO
PEYTO ENERGY TRUST
PHELPS DODGE CORPORATION
PRECISION DRILLING TRUST
RIO TINTO


Other holdings over 5%:

n/a


Holdings in restricted UK listed investment companies:

n/a


2 June 2006


                      This information is provided by RNS
            The company news service from the London Stock Exchange